Here is a summary of earnings reports for selected technology companies for the first quarter and what they reveal about the state of corporate spending:
April 13: Intel Corp. says net income nearly quadrupled revenue up 44 percent. Intel says corporations are upgrading their employees' computers and buying more servers.
April 15: Advanced Micro Devices Inc. shows a 34 percent increase in revenue and says spending on servers is "pretty healthy." The microprocessor maker's CEO says he is less certain about corporate spending on personal computers.
Google Inc. says revenue surged 23 percent, its best rate since the summer of 2008. Prices paid for Google's ads were 7 percent higher than the average rate at the same time last year.
Source: http://asurl.net/k5f
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